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In essential elements of contract, what is consideration? Question 33 options: 1) What each party contributes to the contract. 2) Consideration must have some economic

In essential elements of contract, what is consideration? Question 33 options: 1) What each party contributes to the contract. 2) Consideration must have some economic value. 3) Law is concerned that the economic value is adequate. 4) Only 1) and 2)

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